| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $41M | $22M | -46.7% | -3.2% |
| Op. Income | -$26M | -$33M | -$30M | 22.1% | 15.1% |
| Gross Margin | 48.8% | 48.4% | 46.1% | 0.4pp | 2.7pp |
| Net Margin | -153.7% | -63.8% | -203.3% | -89.9pp | 49.5pp |
| EPS (Diluted) | $-0.09 | $-0.07 | $-0.12 | -28.6% | 25.0% |
| Free Cash Flow | -$23M | -$35M | -$41M | 36.2% | 45.0% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $11M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $2M |
| Operating Expenses | $36M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$26M |
| Interest Income | $2M |
| Interest Expense | $9.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$609.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | -$16M |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $4M |
| EBIT | -$18M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$29.0K |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $29M |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $308.0K |
| NET CASH FROM FINANCING | $108.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $159M |
| Short-Term Investments | $78M |
| Net Receivables | $15M |
| Inventory | $24M |
| Other Current Assets | $230M |
| TOTAL CURRENT ASSETS | $506M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $557M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $44M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $425M |
| Minority Interest | $0 |
| TOTAL EQUITY | $425M |
| TOTAL LIABILITIES & EQUITY | $557M |
| Total Debt | $29M |
| Net Debt | -$130M |
